NANJING, China, April 23, 2019 /CNW/ -- Sasol Limited (JSE: SOL) (NYSE: SSL), a leading integrated chemicals and energy company, reached beneficial operation of its new alkoxylation plant in Nanjing, Jiangsu Province on 18 April 2019.
"Sasol has successfully built the new facility by implementing state-of-the-art technology for alkoxylation plants. The construction was completed within the expected timeframe and approved budget, without a recordable injury," said Bernard Klingenberg, Sasol Executive Vice President: Operations.
The construction of the new alkoxylation plant began in the summer of 2017 and is Sasol's largest expansion project in the region.
The facility's capacity is approximately 150 kilo tons per annum, with the option of using either branched or linear alcohols to meet differentiated customer requirements in applications, such as detergents, textiles, metal working and lubrication and other speciality end-markets. As part of the scope, Sasol has also expanded its R&D and technical support capabilities within the Nanjing Chemical Industrial Park (NCIP).
"We are extremely proud of what our Sasol China colleagues have achieved," said Fleetwood Grobler, Sasol Executive Vice President: Chemicals Business.
He said the Chinese market is forecasted to grow to 40% of global chemical demand by 2020, and Sasol is seeing a rapid increase in innovation and differentiation requirements.
"This new facility will allow us to meet both the growth as well as the increasingly sophisticated quality requirements of a truly exciting market," added Grobler. "Sasol has a reputation in China as a reliable supplier with high quality standards, and a strengthened R&D group will allow us to improve our customer-specific solution delivery. This facility will support our growth drive in Asia and allow us to better serve our current and future customers."
Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves, cost reductions, our Continuous Improvement (CI) programme and business performance outlook. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Sasol is a global integrated chemicals and energy company. Through our talented people, we safely and sustainably create superior value for our customers, shareholders and other stakeholders. We integrated sophisticated technologies in world-scale operating facilities to produce and commercialise commodity and specialised chemicals, gaseous and liquid fuels, and lower-carbon electricity.
Alex Anderson, Head of Group Media Relations
Direct telephone: +27-(0)-10-344-6509; Mobile +27-(0)-71-600-9605;
Matebello Motloung, Senior Specialist: Media Relations
Direct telephone: +27-(0)-10-344-9256; Mobile: +27-(0)-82-773-9457
Sunna Schulz, Senior Manager: Corporate Affairs Eurasian Operations
Direct telephone: +49-(0)-40-63684-1364
SOURCE Sasol Limited